Zinc Trend Today Technical Analysis for 02-12-2019 23:00:04

by wealthmann

December 2, 2019

29

In 1 hour chart Zinc price continues to trade at 182.2 and below the (Exponential Moving Average)EMA200 value of 188.453 and keeps its stability below until now, while 1 hour MACD Of 12,26,9 is in Sell mode. Therefore, we will keep our Sell overview conditioned by the price stability below

However, if Zinc continues to trade below level, that could be an extraordinarily Bearish sign for Zinc

Even so, the 200-candle Exponential moving average (EMA) price range of 188.453 is proving a tough nut to crack.

Pivot (invalidation): 185.233

Our preference: Long positions above 186.617

Alternative scenario: Below 182.467 look for further downside.

Support Resistance Levels For Zinc Today at 02-12-2019 23:00:04

Pivot: 185.233

Resistance 1: 186.617

Resistance 2: 189.383

Resistance 3: 190.767

Support 1: 182.467

Support 2: 181.083

Support 3: 178.317

Yesterday High Low Close For Zinc

Yesterday High: 188

Yesterday Low: 183.85

Yesterday Close: 183.85

Today at 02-12-2019 23:00:04 Zinc trading at 182.2 with high of 185.6 and low of 182.2